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Guideline Value

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Guideline Value for PERUMAL KOIL STREET (AGRAHARAM) 1st STREET

₹2500/sq.ft.

The guideline value for Perumal Koil Street (agraharam) 1st Street in Korattur village (Villivakkam SRO, Chennai zone) is Rs 2500 per sq.ft, effective 1 July 2024. It was Rs 2300 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Korattur

Village

Villivakkam

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹2500 /sq.ft.
From 1-4-2023 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Perumal Koil Street (agraharam) 1st Street

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PERUMAL KOIL STREET (AGRAHARAM) 1st STREET guideline value

The current guideline value of PERUMAL KOIL STREET (AGRAHARAM) 1st STREET is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Korattur village and falls under the Villivakkam SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of PERUMAL KOIL STREET (AGRAHARAM) 1st STREET has changed

Over the years, the guideline value for PERUMAL KOIL STREET (AGRAHARAM) 1st STREET has seen significant changes. The 2007 revision set the value at Rs 250 per sq.ft, which was then increased to Rs 2,300 per sq.ft in the 2012 revision. This was a substantial increase of 820%. The value remained unchanged at Rs 2,300 per sq.ft until the 2023 revision, which saw an increase to Rs 2,500 per sq.ft, marking a 9% rise.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 900%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value among these streets is Rs 2,500 per sq.ft, which is equal to the current guideline value of PERUMAL KOIL STREET (AGRAHARAM) 1st STREET.

Stamp duty and registration fee for property in PERUMAL KOIL STREET (AGRAHARAM) 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total fees to Rs 2,25,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers PERUMAL KOIL STREET (AGRAHARAM) 1st STREET?

The Sub Registrar Office that covers PERUMAL KOIL STREET (AGRAHARAM) 1st STREET is the Villivakkam Sub Registrar Office. The address is Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Korattur

The guideline value is a crucial factor in property transactions in Korattur. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value may influence the overall transaction costs.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable taxes. It is essential to ensure that the sale price is either equal to or higher than the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of PERUMAL KOIL STREET (AGRAHARAM) 1st STREET?

The current guideline value of PERUMAL KOIL STREET (AGRAHARAM) 1st STREET is Rs 2,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased by 900%, from Rs 250 per sq.ft to Rs 2,500 per sq.ft in 2024. The most recent change was a 9% increase from Rs 2,300 per sq.ft in 2023.

What is the land classification for PERUMAL KOIL STREET (AGRAHARAM) 1st STREET?

PERUMAL KOIL STREET (AGRAHARAM) 1st STREET is classified as Residential Class II Type - III.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for PERUMAL KOIL STREET (AGRAHARAM) 1st STREET is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 at a rate of 7%.